Category Archives: UAE Business News

UAE Business News: Abu Dhabi, Dubai, Ajman, Fujairah, Ras al-Khaimah, Sharjah, Umm al-Quwain

Expert Says UAE is a Leading Healthcare Destination in the Region

Speaking on World Health Day, Dr Yehia El Gabbani, Hospital Director of Emirates Hospital-Jumeirah, said the UAE healthcare market’s innovative progress make it the leading healthcare destination in the MENA region. The country has seen a surge in new specialised services and treatments for residents and innovative products such as surgical robots, augmented reality systems, and artificial intelligence. read more

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Abu Dhabi Launches Six Historic Oil and Gas Licensing Opportunities

  • Major onshore and offshore blocks across the emirate opened for new competitive bidding round
  • Estimates suggest blocks contain substantial amounts of oil and gas
  • Successful bidders will have the opportunity to explore, and then develop and produce discoveries with ADNOC
  • Prospective partners invited to register interest for an invitation to international roadshow presentations on new blocks

 The Abu Dhabi National Oil Company (ADNOC) announced, today, as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum Council (SPC), the details of the initial round of six geographical oil and gas blocks open for bidding. This follows the announcement last month by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO that Abu Dhabi was to launch its first ever competitive exploration and production bid round. read more

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Al Saja’a Industrial Oasis Wins Arabian Business Real Estate Award

Al Saja’a Industrial Oasis (ASIO) has been honoured with the ‘Best Industrial Project’ award at the Arabian Business Real Estate Awards. read more

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Emirates Development Bank Launches Emirates Movable Collateral Registry Corporation EMCR

A New Tool to Publicize Lenders’ Rights in Movable Assets read more

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Sleep Fine to open new factory in Sharjah in 2020 to increase production capacity

  • New facility to enable company to secure larger market share in UAE
  • Production of novel and innovative foam bed products also in the pipeline

Sleep Fine, a well-respected household brand under the family enterprise Three Stars Foam Factory, has announced that it will open its new state-of-the-art factory in Sharjah in 2020 to increase its production capacity. The soon-to-rise facility will enable Sleep Fine to secure a larger market share amid rising demand for high-quality and sophisticated foam bed products. read more

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Former Polish President Calls on Europe to Follow Example of Sharjah in Government Communication at IGCF

The 7th International Government Communication Forum (IGCF), organised by the International Government Communication Centre of Sharjah Government Media Bureau, opened its second day at Expo Centre Sharjah with speeches by the guest of honour Lech Wałęsa, former President of Poland, and HE Tariq Saeed Allay, Director of Sharjah Government Media Bureau. The opening session was moderated by Maqsoud Kruse, Executive Director of “Hedayah”. read more

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Dubai Insurance Co. psc Launches MaxMedical Shield in the UAE

A unique health solution for UAE expats at a reduced cost with flexible activation read more

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ACRES 2018 presents Sharjah’s first ready to move-in freehold property, Al Rayyan

Al Rayyan promises investors an ‘affordable luxury’ with the opportunity to live, work, shop or play in its premises as an assurance of ‘distinction delivered’. read more

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ADNOC Signs Offshore Concessions with CNPC Strengthening Ties with World’s Number One Oil Importing Country

The China National Petroleum Corporation (CNPC), the world’s third largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with the Abu Dhabi National Oil Company (ADNOC) today. read more

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RAK Properties’ AGM Approves Increase of Cash Dividends To 6% For 2017

RAK Properties PJSC held the second annual general meeting of shareholders last Saturday at Double Tree by Hilton Resort & Spa Marjan Island. The meeting reviewed and approved the Board of Directors’ report on the company’s activities, the auditor’s report for the 2017/18 fiscal year, the corporate balance sheet, and the profit and loss account. They also presented current and future projects. read more

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Japanese and Middle East anti-counterfeits watchdog, JETRO and MEIPG, steps up war against fakes in the UAE

The Japan External Trade Organization (JETRO) and Middle East Intellectual Property Group (ME-IPG) have reaffirmed their commitment to suppress the illicit trade and the circulation of counterfeit Japanese products in the UAE and the wider Middle East region. read more

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Continental Investments launches Dh1 billion Rukan Residence in Dubai Land

Eng. Ahmed Sabbour, founder of Landmark Sabbour, said:  “The 2.6 million-square-foot project reflects the increase in demand in the real estate sector in Dubai.” read more

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Abu Dhabi International Airport named 2017th Best Airport in the Middle East for the second year

Airports Council International (ACI) World has announced Abu Dhabi International Airport (AUH) as the winner of “Best Airport in the Middle East”, for the second year in a row, at its annual Airport Service Quality (ASQ) Awards. read more

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Jalboot Holdings LLC looks to expand beyond the shores of the UAE

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ADCB Participates in Careers UAE 2018

Abu Dhabi Commercial Bank “ADCB” announced its participation in Careers UAE Exhibition 2018 to be held at Dubai World Trade Centre from 13th to 15th March, 2018 under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. read more

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The Leaking Pipeline Needs to be an Immediate Priority for all Current and Future Business Leaders in the UAE States ACCA

Forty years on from the phrase ‘glass ceiling’ being used to define thwarted careers and ambitions – especially for women – ACCA is calling for business leaders to show real and measurable progress on diversity and social mobility issues. read more

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Julphar Targets Double-Digit Growth in 2018

Julphar reviewed non-audited preliminary financial results for 2017 and forecasts for 2018, following its Board of Directors’ meeting, which was chaired by His Highness Sheikh Faisal Bin Saqr Al Qasimi, Chairman of the Board of Julphar. read more

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